Ministry of Trade, Industry and Energy

MOTIE attends IPEF Pillars 2-4 special negotiation round

The Ministry of Trade, Industry and Energy (MOTIE) will be attending the special negotiation round for Pillars 2-4 of the Indo-Pacific Economic Framework for Prosperity (IPEF) to be held through February 8-11 in New Delhi, India, as part of the Korean delegation composed of officials of relevant ministries, including the Ministry of Economy and Finance (MOEF), Ministry of Foreign Affairs (MOFA) and the Ministry of Agro-Fisheries, Food and Rural Affairs (MAFRA), headed by MOTIE’s Deputy Min date2023-02-09

MOTIE attends MSP meeting for critical minerals supply chain

The Ministry of Trade, Industry and Energy (MOTIE), as part of the Korean delegation, attended on February 7 the Mineral Security Partnership (MSP) meeting presided by the U.S. Department of State on occasion of the Investing in African Mining Indaba conference (February 6-9) held in Cape Town, South Africa. The Korean delegation was led by the 2nd Vice Minister of the Ministry of Foreign Affairs (MOEF), and included representatives of relevant institutions like Korea Mine Rehabilitation and Mi date2023-02-08

Korea and EU discuss major trade issues

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin met with Maria Martin-Prat de Abreu, Deputy Director-General of the European Commission's Directorate-General for Trade, on February 6 to discuss Korea-EU trade issues, bilateral digital trade cooperation measures and joint response to the U.S. Inflation Reduction Act (IRA). date2023-02-07

Korea and EU discuss major trade issues

Trade, Industry and Energy Ministry’s Deputy Trade Minister Jeong Dae-jin met with Maria Martin-Prat de Abreu, Deputy Director-General of the European Commission's Directorate-General for Trade, on February 6 to discuss Korea-EU trade issues, bilateral digital trade cooperation measures and joint response to the U.S. Inflation Reduction Act (IRA). Deputy Trade Minister Jeong stated that the Korea-EU partnership is important and emphasized the importance of their close cooperation amid ris date2023-02-07

Minister holds evaluation meeting on World Expo 2030 Busan promotion progress

Trade, Industry and Energy Minister Lee Chang-yang held a meeting on February 6 to evaluate the progress of World Expo 2030 Busan bid promotion and plans.   With the final selection coming up in November this year, the meeting aimed to assess promotion activities in detail, including plans regarding overseas negotiation, upcoming local inspection of the Bureau International des Expositions (BIE), presentation competition, economic mission and public-private joint promotion collaboration. date2023-02-07

Minister holds evaluation meeting on World Expo 2030 Busan promotion progress

Trade, Industry and Energy Minister Lee Chang-yang held a meeting on February 6 to evaluate the progress of World Expo 2030 Busan bid promotion and plans. With the final selection coming up in November this year, the meeting aimed to assess promotion activities in detail, including plans regarding overseas negotiation, upcoming enquiry mission of the Bureau International des Expositions (BIE), presentation competition, economic mission and public-private joint promotion collaboration. date2023-02-07

MOTIE activates control tower for EU trade issues

Minister for Trade Dukgeun Ahn presided the EU Trade Issues Task Force (TF) meeting on February 2 at K-SURE in Seoul, which was followed by the first pan-ministerial EU CBAM (Carbon Border Adjustment Mechanism) Response TF meeting. The EU Trade Issues TF was launched to serve as a comprehensive control tower assessing and supporting the impact on Korean industries caused by major bills moved forward in the EU, and to share information on their progress with participation of industry-academia ex date2023-02-07

Trade Minister attends EU CBAM Response TF launching ceremony

Minister for Trade Dukgeun Ahn attended on February 2 at K-SURE the launching ceremony of the pan-ministerial EU CBAM (Carbon Border Adjustment Mechanism) Response Task Force (TF) formed to facilitate inter-ministerial cooperation and specific response measures.   The Trade Minister gave an opening message and led discussions on challenges facing exporting companies and relevant ministries' response measures.   The meeting was attended by officials of relevant ministries, includi date2023-02-03

1st Vice Minister holds 2nd Real Economy Evaluation Meeting

Trade, Industry and Energy 1st Vice Minister Jang Young-jin presided the 2nd Real Economy Evaluation Meeting on February 2 at the Korea Chamber of Commerce and Industry (KCCI) to discuss steel companies’ export and investment challenges and to seek government support measures. The Vice Minister facilitated discussions on investment and export forecast for the steel industry in 2023 and shared the Government’s support measures plan. The meeting was attended by representatives of rel date2023-02-03

MOTIE signs investment MOU with leading ALD equipment company

Trade, Industry and Energy Minister Lee Chang-yang, on February 2, signed an investment cooperation memorandum of understanding (MOU) with Benjamin Loh, the CEO of ASM International, a world-leading Dutch headquartered multinational corporation specializing in atomic layer deposition (ALD) for semiconductors, regarding cooperation to expand the existing R&D center and build a second ALD plant that will utilize new processes. date2023-02-03